Economic Development Implications
Using the Virginia government and public policy identified for your project, prepare a 1,400-2,100-word paper discussing the economic impact of your public policy issue. The public policy issue that you have selected for your project is almost certain to have economic development implications. Utilize your government's comprehensive annual report, budget documents, and the Internet for this assignment.
a. Define enterprise zones and explain the utilization of these zones by your chosen government and the state within which the government exists.
b. Assess how the enterprise zones could be used to enhance the economic development implications of your policy issue.
c. Describe how a cost-benefit analysis of an economic development can be performed.
d. Evaluate incentives that are currently given to developers and other agencies to enhance economic development and rural development projects by the local and the state governments.
e. Evaluate the ethical consequences of the economic development initiative.